Smith & Wesson’s Perimeter Security Business a ‘Discontinued Operation’ to be Sold
Smith & Wesson Holding Corporation announced that the company made the decision to divest its perimeter security business in order to focus on its core firearm business, also pointing out “significantly reduced government spending” and a “deteriorated” environment in the space as contributing factors. The company is currently exploring strategic alternatives to accomplish the divestiture.
Smith & Wesson president and chief executive officer James Debney said, “The decision to divest the security solutions division and focus our financial, managerial, and operational resources toward expanding our presence across our firearm market channels is intended to support our long-term growth opportunities and enhance stockholder value.”